Repairify, Inc., the parent of asTech and a portfolio company of Kinderhook Industries, LLC, announced the acquisition of Root Four Imagination Inc., the developer of BlueDriver direct-to-consumer aftermarket diagnostic scan tools and services. The company is the ninth add-on acquisition for asTech and Kinderhook’s 99th automotive-related transaction. Financial terms of the transaction were not disclosed. […]
The Four-Week Moving Average in Gasoline Consumption Improved in the Second Half of December Compared to Last Year
The four-week moving average compared to last year was down in early December but improved during the holiday period. Continued efforts to discourage Americans from traveling that began during the Thanksgiving holiday resulted in reduced gasoline consumption in the U.S in December. However, while the latest data from the U.S. Energy Information Administration (EIA) showed […]
GM Launches BrightDrop Commercial EV Vehicle Brand
General Motors announced today a new business, BrightDrop, which will offer electric first-to-last-mile products, software and services to delivery and logistics companies to move goods more efficiently. These BrightDrop solutions are designed to help businesses lower costs, maximize productivity, improve employee safety and freight security, and support overall sustainability efforts. “BrightDrop offers a smarter way […]
AirPro Diagnostics Partners with Car ADAS Solutions for Turn-Key Collision Repair Calibration Solution
AirPro Diagnostics and Car ADAS Solutions announced a collaboration to deliver turn-key calibration solutions for collision repair facilities to include set-up, training, implementation, support, and validation of calibration services. Whether shops want to become a retail calibration center or calibrate the vehicles they currently repair, this partnership will deliver for collision repairers all across the […]
CIECA January 26 Webcast Examines Collision Repair Industry Preparation for Electric Vehicles
The Collision Industry Electronic Commerce Association (CIECA) announced that its next CIECAST webinar Preparing for the EV Revolution is scheduled for Tuesday, January 26 at 2 p.m. (EST). Registration for the event is available online. The one-hour live broadcast will feature three presenters from different segments of the collision industry who will explore the potential […]
WMABA Announces Partnership with CARS Cooperative
The Washington Metropolitan Auto Body Association (WMABA) and CARS Cooperative will offer members a program of cash rewards and discounts. The program, called Savings4Members, is a cooperative of more than 50 vendors offering direct members opportunities to get cash back or a discount on products they likely already use. “Our association is focused on bettering […]
December U.S. Light Vehicles Sales Up Over 6% from Last Year
The overall annual year-on-year decline of 14.8% far better than expected 8 months ago. LMC Automotive predicts 15.7 million sales in 2021. LMC Automotive, the independent automotive global forecasting and market intelligence company, reports that sales in December were helped by three extra selling days. December Light Vehicle sales grew by 6.4% Year-on-Year (YoY), to […]
PPG Acquiring German Coatings Company Wörwag
PPG (NYSE:PPG) today announced an agreement to acquire Wörwag, a global manufacturer of coatings for industrial and automotive applications. The transaction is expected to close in the first half of 2021, subject to customary closing conditions. “Wörwag’s industry expertise in powder and liquid coatings for industrial and automotive applications is highly complementary to PPG’s business, […]
Canada-Based Collision Repair Consolidator Lift Auto Group Receives Funding from PFM Capital
PFM Capital Inc. (PFM), on behalf of the APEX III Investment Fund Limited Partnership (APEX III) announced it has made a strategic investment in British Columbia-based Lift Auto Group to support the continuation of the collision repair facility consolidator’s expansion and acquisition strategy. In addition, the Canadian Business Growth Fund (CBGF), that invested in Lift […]
SBA and Treasury Announce PPP Re-Opening
Applications for first PPP loan start today, second loan applications on January 13, The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced January 8 that the Paycheck Protection Program (PPP) will re-open this week for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial […]
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